Many people may require 30,000 personal loan urgently to cover their expenses. However, it’s nearly impossible for a person to get such loans at low-interest rates from banks. Therefore, people prefer to take help from instant loan providers. They allow people to get personal loans of up to a few lakhs within seconds. These loans do not require collateral and can be availed easily with minimum hassle.
And, if you want to know how to get 30,000 personal loan at a low-interest rate with minimum documents in India, then you should go through this article.
Read: How Much Personal Loan Can I Get On 15,000 Salary?
Do You Need An Urgent Loan of Rs 50000? Get a Loan on Aadhaar Card
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How To Apply For A 30000 Personal Loan Online?
If you need a 30000 personal loan urgently, the best way to get it is by applying online. Various lenders offer instant online loan application facilities.
You don’t need to visit banks carrying a huge pile of documents. You can apply in a completely online manner, upload the documents online, and on approval, the funds will be disbursed to your bank account within a short period of time. These loans do not require collateral and can be availed easily with minimum hassle.
Online Lenders For 30000 Personal Loan
PaySense
Rate of interest: 16% – 36% p.a.
Minimum and maximum amount: Rs. 5, 000 – Rs. 5 Lakhs.
Tenure: 3 months – 60 months.
Processing fee: Up to 2.5% of the loan amount + GST.
EarlySalary
Rate of interest: 27.38% – 30.42% p.a.
Minimum and maximum amount: Rs. 1,000 – Rs. 4 Lakhs.
Tenure: 3 months – 18 months.
Processing fee: Up to 3% of the loan amount.
Cashe Personal Loan
Rate of interest: 27.38% – 30.42% p.a.
Minimum and maximum amount: Rs. 1,000 – Rs. 4 Lakhs.
Tenure: 3 months – 18 months.
Processing fee: Up to 3% of the loan amount.
Read: 10 RBI Registered Online Loan App List: Turant Loan Dene Wala App
Money View
Money View, is also called a low credit score loan app. Apart from loans, they give you an in-built money management tool that keeps track of your expenses and tells you where you can save money.
Loan tenure: 3 months to 5 years
Loan amount: Rs10,000 to Rs5 lakh.
Rate of interest: 1.33% per month
Applicant’s age: Between 21-57 years
Money Tap
Money Tap is one of the best instant cash loan apps in 5 minutes. People with or without credit history can also get loans. The best part is that you pay interest only on the loan amount that you use and not on the entire sanctioned amount.
Interest rates – 13% to 36% p.a.
Loan Tenure – 1 to 36 months
Applicant age: Between 23-55 Years
Minimum monthly income: Rs 20,000
KreditBee
KreditBee is one of the best lending apps in India as the entire loan process is online and requires few documents.
Loan amount: Rs 1,000 to Rs 2 lakh
Minimum monthly income: Rs 10,000
Loan tenure: 62 days to 15 years
Interest rate: 0% to 29.95%
Applicant’s age: More than 18 years
Get Money Within 6-8 Hours In Times Of Need.
SmartCoin
Anyone can apply for a loan on the SmartCoin app such as professionals, students and business owners as there is no age limit for availing loan on this app. The features of the app can be easily understood by anyone.
Loan amount: Rs 4,000 to Rs 1 lakh
Annual interest: 20% to 36%
No minimum salary
Applicant’s age: More than 18 years
Read: Want to buy a bike? Personal loan, Bike Loan, Credit Card or Savings?
Dhani
Dhani app is commonly promoted as phone se loan app. This app claims that you can get an instant cash loan in 5 minutes. All you have to do is download the app and upload your PAN, aadhaar number and address for verification.
Loan amount: Rs 10,000 to Rs 15 lakh
Loan tenure: 3 months to 36 months
Annual interest rates: 0% to 13.99%
Applicant’s age: above 18 years
Eligibility Criteria for 30,000 Personal Loan
Nationality – Indian
Profession – Self-Employed or Salaried
Age – 21 – 55 years
Minimum Monthly Income – Rs. 40,000 per month
Work Experience – 2 – 3 years
Read: 10 Ways to get Instant Personal Loan without documents online
Join A Digital Chit Fund And Save Money for Emergencies
Required Documents for 30,000 Personal Loan
There are certain documents that you will require while applying for a personal loan which are given below-
- PAN card
- Address Proof like Passport
- Identity Proof like an Aadhar card
Best Option For 30,000 Personal Loan
For a Rs. 30,000 personal loan, there isn’t a better option than Money Club. Money Club is an online chit fund platform which provides dual benefit of saving and borrowing.
Chit funds may appear to be an entirely different category of financial product. But there are various ways that chit funds might assist you in escaping the financial trap of personal loans. You might wonder how. Below is a quick summary:
Chit funds are a type of borrowing and saving tool where regular contributions can be made. You can make contributions to a suitable chit fund scheme for a tenure of two to three years in order to cover expenses that you are expected to incur in the near to medium term. Your money is therefore ready to be used when the actual expense arises, without the concern for debt or interest. Even if you are faced with a financial emergency, the chit fund gives you a quick liquidity option to tide over the situation. In a chit fund scheme, even if you take out the entire amount early, your monthly payments cover both the principal and interest. In this way, you will be debt free at the end of the tenure.
Benefits of chit funds
Chit funds offer the advantage of being both a saving and an investing vehicle. In an emergency, you can easily borrow the money, or you can keep using it as an investment.
- You get a community of verified friends with whom you pool money and who help you in crisis.
- You can borrow money that is several times as much as what you have invested when you need it.
- You receive the funds 6 to 8 hours after placing the bid.
- Safe and transparent transactions as money do not lie with the organizer. Payments are made directly bank to bank account of members.
- The loan is against your own potential future contributions.
- The rate of interest is considerably less than what banks offer.
- Paperwork is not a hassle.
- There is no demand for a high credit score.
- Better returns when compared to fixed or recurring deposits.
Read: Know Your Money Club platform Journey On The Money Club App
